Reserve Base Lending

Programme Code: CRS-N-0045969

Overview

Financing Oil & Gas Assets & Production

Recent high profile fraud cases highlights the challenges faced by financial institutions and trading houses in financing commodity trades. Given the diversity, complexity and substantial size of commodity trades, professionals involved in the commodity trading and financing value chain need to possess specialised knowledge to manage their risk exposures and avoid huge losses.

The Reserve Base Lending workshop examines the characteristics of a reserve base financing structure and tolling financing. Facilitated by industry veterans, this workshop adopts a case-study learning approach to share practical insights on market nuances, financing structures, pitfalls, risk mitigation and controls. 

 

Next Course Starts OnTo be advised See Full Schedule
Fee SGD1070.00* (as low as SGD121.00* after maximum funding) Learn more
Duration

1 day

Level
Intermediate
Venue

Singapore Management University

Learning Objectives
  • Understand the economics of production sharing contracts

  • Learn the structural elements of reserve base lending

  • Apply tolling structure to finance petrochemicals

  • Know how hybrid tolling works

  • Gain insights from case discussion

Topics/Structure

Reserve Base Lending

  • Overview of production sharing contracts

  • Structure & characteristics

  • Salient issues

  • Risk considerations

  • Case discussion

Tolling Framework & Agreement

  • Overview of petrochemical refinery

  • Structures & characteristics

  • Short versus long term tolling arrangements

  • Trader versus refinery economics

  • Risk management

  • Documentations & key clauses

  • Case discussion

Who Should Attend

  • Senior management in corporate lending looking into structured trade finance business

  • Relationship managers and bankers who advise trading and commodity companies

  • Trade finance specialist, account/marketing managers 

  • Commodity traders who are keen to learn the financing aspects of commodity trades

  • Corporate treasurers, finance directors in trading and commodity companies

  • Professionals in middle office functions such as credit, risk, audit and operations, responsible for ensuring proper execution, management and financing of commodity trades

This is an advanced level course. Participants are required to have a good working knowledge of traditional trade financing such as Incoterms, trade documentations, documentary collection/credit and trade financing instruments such as bills of exchange, letters of credit, demand guarantees etc. Admission to the programme is subject to approval.  

Assessment

Upon meeting the attendance requirement and passing the assessment, participants will receive a Certificate of Completion.

Fees and Funding

 International ParticipantsSingapore Citizens1Singapore PRsEnhanced Training Support for SMEs4
21 to 39 years old40 years or older2Eligible for WTS3≥21 years old
Full Programme FeeS$1,000S$1,000S$1,000S$1,000S$1,000S$1,000
Less: SSG Grant Amount-(S$700)(S$700)(S$700)(S$700)(S$700)
Nett Programme FeeS$1,000S$300S$300S$300S$300S$300
7% GST on Nett Programme FeeS$70S$21S$21S$21S$21S$21
Total Nett Programme Fee Payable, Including GSTS$1,070S$321S$321S$321S$321S$321
Less Additional Funding if Eligible Under Various Schemes--(S$200)(S$250)-(S$200)
Total Nett Programme Fee Payable, Including GST, after additional funding from the various funding schemesS$1,070S$321S$121  S$71   S$321S$121

1 All self-sponsored Singaporeans aged 25 and above can use their $500 SkillsFuture Credit to pay for the programme. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to select the programme.

2 Mid-Career Enhanced Subsidy - Singaporeans aged 40 and above may enjoy subsidies up to 90% of the programme fee

3 Workfare Training Support (WTS) - Singaporeans aged 35 and above (13 years and above for persons With disabilities) and earn not more than S$2,000 per month, may enjoy subsidies up to 95% of the programme fee.

4 Enhanced Training Support for SMEs (ETSS) - SME-sponsored employees (Singaporean Citizens and PRs) may enjoy subsidies up to 90% of the programme fee. For more information, visit www.ssg.gov.sg/programmes-and-initiatives/training/enhanced-training-support-for-smes.html.

5 Eligible organisations (excluding government entities) may apply for the absentee payroll funding via SkillsConnect at www.skillsconnect.gov.sg for Singaporean/permanent resident participants attending the programme during working hours. The absentee payroll funding is computed at 80% of hourly basic salary capped at $4.50 per hour or $7.50 per hour for SME or 95% of hourly basic salary for WTS. For more information, visit https://www.skillsconnect.gov.sg/sop/portal/e-Services/For%20Employers/AbsenteePayroll.jsp

Schedule

Intake Information

Dates to be advised

Program is held from 9am - 5pm

Speaker/Trainer Bio

Mihir Taparia

Mihir has over 35 years’ of financial, commercial and corporate development experience. The last 25 years was spent in South East Asia with PT Trans-Pacific Petrochemical Indotama and Gulf Canada, where he was involved in the development, financing and structuring of mega greenfield projects in Indonesia in the energy space. Mihir established his own corporate finance advisory firm in 2016.

Mihir is a UK qualified Chartered Accountant and is an Associate member of the Institute of Chartered Accountants in Alberta, Canada.

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